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20121129
20121207
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FBC 30
CNBC 24
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Search Results 0 to 49 of about 67 (some duplicates have been removed)
FOX Business
Nov 30, 2012 3:00pm EST
a bottom. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this ty of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the n
FOX Business
Nov 29, 2012 11:00am EST
programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious because they counted the previous budget you have another trillion plus in cuts. that according to politico is the deal, steve murphy is a former campaign manager for dick gephardt and in d.c. today. from the democratic of view anything i just say or just said sound unreasonable? >> i don't think it sounds reasonable except i don't think it is enough. i don't think either party is being realistic about the enormity of the debt and deficit issue. what you just described is a very easy deal. it is sitting on the table, most of it is automatic. of the deal isn't reached in any case which is going to prompt something getting worked out but we need to cut about more than that. we are spending 23% of our gdpp federal government is, in one fashion or another and taking in 18% and that is not going to change all that much with the outlines of this deal. the democrats are not realistic about how much has to be cut and republicans are not realisti
FOX Business
Nov 30, 2012 4:00pm EST
that promises about the future of medicare and double the cost of tax increases. if they don't reach a conclusion ben bernanke says we are a recession, has that been included in the price of the market? >> i don't see how it can be. with the vix close today was 15 and the proposal is ridiculous. the last 70 years, a percentage of gdp, spending is about 20 and 50% of taxes of gdp is revenue and spending is 24.5 so i got to ask are we spending too much or raising revenue? liz: the white house with their new demand and republicans saying no go and we go into a real serious downturn, what happens to the market? are we looking at a 2009 situation here? >> i will be ready if we do. we as valuation sensitive investors intrepid, look at the last three years. despite the volatility, in may of 2010, the debt downgrade in august of 2011, diaz in the compound last few years the russell 2,000 is over 14. given away a lot of security. liz: those were all buying opportunities. if you look at the trader, you have technicals of what happened on a certain day and those were great opportunities. if the
CNBC
Nov 30, 2012 4:00pm EST
says deserves the blame. >>> also, social security and medicare in focus. is this economic backdrop cost cutting? should these programs be torn down to keep our economy from hitting disaster down the road? we'll debate this hot-button issue coming up. stay with us. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. >>> welcome back with today's session in the books, there are now just 21 days in the trading year left. let's look at the winner
FOX Business
Nov 30, 2012 1:00pm EST
that there will be a tremendous political consequence on things like cuts to medicare. lori: those cuts, as you know, nearly not enough. the second quarter gdp reading extremely disappointed. let's just call a spade a spade. we know hurricane sandy will shave another point or so off of growth. >> i think it is. that is why despite all of this, what i think of as process, it is a lot of posturing. it is a lot of politicking. people still remain convinced that these guys cannot be serious. they cannot be serious about pushing us off the fiscal cliff because it will have bad responses to republicans. the obama people will be able to say you gave away the ability to keep taxes down on 98% of americans. and for the president, the idea that he would allow the taxes to go up, again, on appetizing for him given that he said he would protect the american middle class. lori: he said the same thing over and over again. how do you see this sorting itself out? >> from purely a political viewpoint, i did not see why anyone would not make a deal. the fear i have is they just kick the can down the road thing and they creat
CNBC
Dec 5, 2012 4:00pm EST
conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what? they said, no, no, no, not unless the deal is done. we'll see about that. meanwhile, the house goes away for a lock weekend. all right, rob. what do you think? you think we're going
CNBC
Dec 6, 2012 1:00pm EST
in this discussion. one is what would you do with respect to reducing the growth of spending in medicare? what specific steps are you willing to put on the table? >> well, let me give you something that -- it's very sensitive. but end of life is where 70% of the medicare dollars go, and yet we have a society where most people will not do a living will. i did a living will with my 90-year-old dad. it was very difficult. he died shortly after. but he told me, hey, do not keep me on life support, it costs a lot of money, plus i don't want it. if do you it, i'll come back and haunt you. but it was a good process. i see as a member of congress so many people who are estranged from their parents, they've moved away, had a falling out 20 years ago but they're the ones that say do whatever you can to keep mom and dad alive until i can get back to town. you know, if you have a living will, you're going to save lots of money. i think one of the potential discussion points is should we require living wills. that would save a tremendous amount of money in medicare. we can also revisit tort reform because
FOX Business
Dec 5, 2012 7:00pm EST
who are, you know, middle class, seniors who are on medicare, young people who are trying to get student loans to go to college. i can't ask them to sacrifice and not ask anything of higher income folks. lou: great news on the economy, will higher taxes screw it up? two of the best economic thinkers join us, deutsche bank senior u.s. correspondents will be here joining us next. detroit on the edge of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and psonal attention. which is why we arare proud to parer with healh care professionals who understand the difference that quality time with our members can me... that's a very nice cake! ohh! [ giggles [ le announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals w helped us achieve the highest average star rating among n
CNBC
Dec 3, 2012 3:00pm EST
that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to beneficiaries in terms of health care. that would be one of the sticking points between republicans and democrats. we would have to see more detail from boehner's office and how they plan to get to the number of $600 billion. >> broadly speaking, these numbers are similar to where they left it on the table last year during those failed negotiations for the grand bargain. these numbers are similar to the simpson/bowles reduction plan
FOX Business
Dec 4, 2012 11:00am EST
to make a deal on medicare than they would on obamacare. connell: force social security, like you said. dagen: and the president's plan, they want more stimulus spenddng. long-term unemployment benefits. >> these do not work. what i think we have seen over the last 40-50 years is reducing the tax burden on employers and finding a way for the private sector to be creative. the reality is, if you keep that payroll tax down, that is keeping money out of social security. connell: great to see you, as always. dagen: little hope and improved job creation in this country. is that actually, follow me here, a good thing works like the dirty secret is, we cannot have an economy that grows too fast because interest rates will go off. be careful what you wish for. >> of course. it is wonderful. we are distracted by the fiscal cliff. let there be a economic growth. interest rates would go up. interest rates will stay reasonably low. we should be glad that we have this economy. either we really go down the cliff or let some growth kick in and indeeddwhat happens, interest rates will go up. ultimatel
FOX Business
Nov 30, 2012 10:00pm EST
taxes, but you're going to be the ones to cut medicare. if you want cuts in entitlements, but the mob. i'm not going to do both for you. lou: here is a thought. that is, th obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for squestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spendingcuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two
FOX Business
Dec 5, 2012 1:00pm EST
achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... whicmeans better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around thesleed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exusively at one
FOX Business
Dec 4, 2012 3:00pm EST
helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able tprovide... whicmeans better health outcomes... and more quality time to share with the ones who maer most. iove you, grandma! [ male announcer ] humana. ♪ [ male announcer ] humana. ♪ music kids will spend22 minut, the super dur party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe toothain later. two minutes twice a day. they have the time. liz: casual dining getting crushed. bling dartmouth restaurants. does that ring a bell? how could it not? americana. a horrible into a picture. red lobster and olive garden and all you can eat bread sticks and unlimited salad and my favorite, the cheddar biscuits. if you own the stocks might take some pep the abysmal. the stock is getting eaten alive here. this is not a great picture as you can see. we were doing just f
FOX Business
Dec 6, 2012 11:00am EST
and other health professionals ho helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... youefforts result in the quality of care d service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ connell: it is a quarter past the hour, just about. let's go to nicole petallides at the new york stock exchange. nicole: there you go. i am glad it is working. let's take a look at lulu lemon. the stock is actually higher. you think of maybe overpriced deals. they are very good and very good quality. it is based in canada. the stock is to the upside. part of a profit and the analysts expectations. the one thing that we should note is sales growth has actually been slowing. that is not a good sign, the winning numbers therefore lulu lemon. let's take a look at the broader market, as well. we are all waiting on the jobs report tomorrow
CNBC
Dec 3, 2012 4:00pm EST
rates from that. they do have some specifics on entitlements which include raising medicare age of eligibility from 65 to 67, something talked about in the grand bargain talks over a year ago. they talk about moving to a different inflation adjustment for social security and other government programs. they also talk about reform of medicare to include private sector competition with a traditional fee for service medicare plan. all of those are things that are within the zone of discussion that both -- between the two of the parties. now, president obama went on twitter this afternoon, took questions from the public to try to build pressure on republicans. he got one question from an average person saying, well, will my mortgage interest deduction be threatened by these fiscal cliff talks? and the president used that as a lever to say, that's why rates have to go up, because if they don't, they're going to sister to squeeze middle class deductions. that's the president trying to put pressure on. but i think now that we have offers on paper from both sides, there at least is a pro
CNBC
Nov 29, 2012 5:00pm EST
know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> welcome back to fa"fast mo " money." we're live in times square. r.i.m. rising to its highest level in six months and a big upgrade from analysts. they cite the blackberry 10 launch. analysts, by the way, also recently upgraded the blackberry maker pushing it to its biggest monthly gain since april of 2009. you can see how the upgr
FOX Business
Nov 30, 2012 11:00am EST
of medicare. that is the extent to which he is willing to cut. first of all, you have to do reform, connell. you cannot just put a band-aid here caught a little markets on the here. you need a serious overhaul. connell: for what it's worth, my take, he would not want to do it because he would not want to be remembered that push the country back into recession. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned consumer spending is down for the month of october. not to worry says stuart hoffman. he joins us from pittsburgh. >> it is a deal when consumer spending falls. we should put it in context. in july, august and september contributors had a pretty good rebound. as you said, some of the hurricane sandy koufax did affect this number we will find out on monday whether the sales came back when they announced november numbers. if you average this out, we saw, even in our company, a decline in sales of our merchant ser
FOX Business
Nov 28, 2012 7:00pm EST
average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to ovide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ ♪ lou: focus nationwide is on the fiscal health of the federal government, but balancing the budget is not just a federal problem, and new rankings of this week shows some of our so-called blue states are awash in red ink. tonight we thought it would be interesting to take a look at three of those states, three of the biggest with the biggest problems. number one, of course, california. we want to credit 247 wall street just naming california and the worst run state in all of the country. for a second year row. way to go. one of the reasons is the unemployment rate, a pretty impressive. 11%. the second highest rate in the country. 2006 and last year. more than a third. and 16 percent of the
FOX Business
Nov 28, 2012 10:00pm EST
professionals who helped uschieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quaty time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. ♪ lou: the white house today said president obama i not particularly concerned whether sun rice misled americans on the attack. press secretary fired back when asked whether the president recognizes t way information about benghazi has been handled and whether that rais serious questions. >> not particularly concerned about whether the ambassador or i went out an
PBS
Nov 29, 2012 4:30pm PST
to cut medicare, but you got to stop the pain." >> reporter: how bad could the pain get? after the house voted down the tarp bailout, the s&p 500 fell more than 8%. darren gersh, nbr, washington. >> tom: for more on the fiscal cliff negotiations, susie spoke with a leading democrat a short while ago, senator kent conrad of north dakota. >> susie: senator can rad thank you for joining us. let me begin our conversation by asking you, what are the chances that we will get a fiscal cliff deal by the end of this year? wince think they're reasonably good. all the building blocks are in place. at this point really people just have to choose from the options that are available. and it's hugely consequence for the country if we fail. so i remain opposite sdns-- optimisc. >> we heard dramatic sound bites when do we start rung out of time and risk going over the cliff? how much time dow need to get an agreement? >> well, realistically, if an agreement were reached in the next several weeks there would be time to get all of the language put together to have it implemented. so there is still signific
FOX Business
Dec 5, 2012 3:00pm EST
helped us achieve the highest average star rating among natiol medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quali time to share with the ones who maer most. i love you, grandma! male annouer ] humana. ♪ liz: citigroup, the most failed outbreak in history, leave it to them to do the wrong thing during the holiday season. first off they're laying off thousands of employees and reneging on their year-end bonuses. charlie gasparino with the details. this is particularly bad. >> christmas? liz: do not do it in the summer. >> some would say, there is the grinch. you're right. liz: do these people know what is coming? the likelihood is you work like 11 months out of 12, you will not get your year-end bonus. at citigroup there is a rule they don't prorate it. what he is doing is saying the bylaws or the rules, they're getting screwed right now. employees as well, they get bonuse
CNBC
Nov 29, 2012 1:00pm EST
me drill down one more time on medicare and medicaid. what specific changes to save money or slow the growth of spending in medicare could you endorse right now? would it be raising the age for full eligibility? would it be increasing co-pays? would it be doing something about the end of life expenditures which now consume 25% of medicare's expenditures, go to the 5% of individuals who are in their last year of life. >> the latter part of what you just said is something that we should be looking at. remember, we were scared off the subject two years ago, tyler, looking at the end of life expenses. and that turned into panels that were going to decide who lives and dies which was totally ridiculous. there's nothing in the health care act which even comes close to that. but that is an area i would accept. i do not accept -- if we had to vote tomorrow, i would not vote raising the age. >> why not? americans' life expectancies are so much longer than they were in 1965 when medicare was begun. >> because then you create another problem. you create a problem for those people who are you
FOX Business
Dec 3, 2012 11:00am EST
for medicare, which is the really greatest driver of the debt right now. of course, social security is also an issue we have to look at. we have 85 trillion worth of unfunded labilities now, and that's not talked about. the $16 trillion in debt is what we hear. there's $85 trillion in unfunded liabilities there, and we already put a plan on the table in our path to prosperity, a plan that did give seniors more choice and access the, a support program, and that would have helped to start to bring that cost curve and bend it. tracy: what's it take to get it done? i think everyone wants to, like, sit down to the holiday meal knowing this is something they will not have to worry about the next day. >> well, i think that takes seriousness to come to the tail, be adults, and talk about the tough issues, and spending is the problem. when we hear the administration continue to talk about putting tax on the small business owners, 1 million will be affected by the tax. 700,000 jobs will be lost. the economy will shrink again rather than grow, and that's not where we need to be. tracy: come to the mid
FOX Business
Dec 5, 2012 4:00pm EST
medicare companies... and become the first and only national medicare advantag company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love u, grandma! [ male announcer ] humana. ♪ but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity'snalytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fility guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.
FOX Business
Dec 3, 2012 3:00pm EST
kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with higher tax revenue, not higher tax rate, but revenue, if the administration will come forward with some plans to slow the growth of spending. lori: all of this going on against the backdrop where we have had low inflation. the fed has promised these low record rates all the way through 2013. what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are just p
CNBC
Nov 30, 2012 3:00pm EST
and medicare. that's the key to the deal, guys. now we end the week sort of nowhere. they'll be back at it again next week. >> all right. thanks so much, eamon javers. meanwhile, the marriott ceo was one of the ceos in the room with president obama this week in the fiscal cliff meetings. many of the executives saying that the white house sounded resounding resoundingly reasonable when describing plans to address the debt and deficit. >> so was this proposal the white house made yesterday with more spending and very few spending cuts, was that what mr. sorenson was expecting out of the gate? he joins us on the telephone with his thoughts. good to have you with us. >> glad to be with you. >> when you were with the other ceos at the white house, does it jive with what we're hearing about that made mitch mcconnell laugh yesterday? are those two plans one in the same? >> well, i'm hopeful that what's happening in the media is posturing by both parties and doesn't reflect where either party thinks a deal will end up. i think what the president talked with us about on wednesday afternoon wa
FOX Business
Dec 6, 2012 4:00pm EST
increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we confirmed as of a couple of hours hag that that wasn't the case, so we're going to check on that right now. david: what they're talking about, we don't know. liz: maybe not dead in the water. david: thank you, rich, appreciate it. liz: we've got good news for all of you last minute shoppers out there coming up in the speed read. david: and up next, first on fox business, tom kloet, ceo of tmx group, a parent of the toronto stock exchange, on the impact of all these regulations coming out of our country. how will they affect businesses in his country? that's coming up. ♪ nd we can save you 10% on ground shipping ovethe ups store. look this isn't my first christmas. these deals all seem great at the time... but later...
FOX Business
Dec 3, 2012 4:00pm EST
. those programs include medicare, medicaid and social security. and $300 billion in cuts to other government spending. in the letter to the president, republicans write: this is by no means an adequate long-term solution as resolving the long-term fiscal crisis will require fundamental entitlement reforms. >> reporter: before receiving that offer, the white house said it was looking for more specifics than republicans have just put on the table. >> making vague promises about achieving revenue through capping deductions or closing loopholes simply doesn't add up to a serious proposal. we haven't heard which deductions they would cap or which loopholes they would close. >> reporter: erskine bowles, the co-chair of the president's debt commission and the former chief of staff of president bill clinton, floated a similar plan last year. in embracing it, republicans are claiming bipartisan ship, and it's now up to the white house to respond. back to you. >> getting very interesting. thank you very much, rich edson. david: thanks, rich. well, washington doesn't seem to be get withing c
PBS
Nov 30, 2012 4:30pm PST
to tighten up the eligibility requirements for entitlements. mcconnell said that could mean higher medicare premiums for the wealthy, an increase in the medicare eligibility age and slower cost-of-living increases for social security. but he ruled out higher tax rates. most democrats have ruled out all of those cuts, arguing they would undermine the nation's most successful programs. the president asked for, but it appears republicans would be unlikely to agree to give the president the ability to raise the debt limit unless a super- majority in congress disapproves after the fact. that option was developed by senator mcconnell himself. >> members hate that vote, as you know, because they are voting to increase the debt, but that's why they should have it, because it's a reminder of what this fiscal policy is doing and it holds congress accountable for doing it. >> reporter: so the first week or real bargaining on the fiscal cliff ended with a loud chorus of "no's." and there are only a few more weeks left to get to yes on some of the toughest policy issues dividing democrats and republican
FOX Business
Dec 5, 2012 11:00am EST
and say i am going to cut into medicare, you know, i don't know if they double it, but they come up with a lot more in the medicare cuts, are you prepared to vote for tax increases, first of all, are you prepared to go for higher tax rates at all? >> no. we have to solve this long-term. we have to do some entitlement reform. you will vote for some. >> i rather not do that. i don't think it will solve the problem. connell: that is higher taxes. >> no, no. not necessarily. if you get rid of some of the loopholes, it is not talking about raising -- [talking over each other] >> we have always said we want to broaden the base and lowered the rates. that is the principal where we are trying to move forward. the principle is sound. you have to be coupled with cutting spending. that is the problem we have on the democratic side. we know it is difficult for them. it is not what they want to do. if they are serious about it, they have to give us some specificity. connell: we keep seeing all of these polls were the republicans take the blame whether the president. you buy into that? does that
CNBC
Nov 29, 2012 9:00am EST
... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> jim's mad dash is focusing on retailing. >> i think we should focus on johnson & johnson who's going higher. reiterating the sale. they're going to have to preannounce again,
CNBC
Nov 29, 2012 3:00pm EST
're not going to cut the benefits involved this medicare because the savings in medicare is involved in the affordable care act. the president already has that there. the savings there should be on the board. >> when we talk about cuts in entitlements, then, sir, where are we talking about makes further cuts? >> well, i don't know who's talking about -- are you talking about cuts in entitlements, but you aren't talking about cuts in providing health care. you talk about perhaps it could be with the providers. but you're not talking about the benefits on the side of this. i don't know, and nobody has explained to me, what role does insurance companies play in getting a sick person well? i mean, the money that you pay into them, i think that we're going to take a look at insurance companies. also in pharmaceuticals. there are big savings that could be negotiated. >> do you understand that, bill? i'm not sure i follow you. so we've got $16 trillion debt. we've got a deficit every year of $1 trillion or more -- >> i'm saying the savings are in pharmaceuticals. >> where are the cuts? >> w
FOX Business
Dec 6, 2012 3:00pm EST
among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more qlity time to share th the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ is unique. every g and there is one store that recognizes it. the sleep nuer store. the only place in the rld you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of intions that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technologythat alt to t support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize yo sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep nu
FOX
Dec 5, 2012 4:00am PST
for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepects of the economy going over the fiscal cliff? > > angie, it has been a very interesting trade in this space recently. people look to gold as the safe haven, yet we have seen gold prices come off about 5% over the last couple months. and in fact, yesterday was just touching a major support area, both psychologically and technically, right around that $1,700-
CNBC
Nov 30, 2012 9:00am EST
from post 9 in a moment. [ male announcer ] if you're eligible for medicare... now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> groupon shares falling. the company announced andrew mason will remain ceo which has seen stock fall almost 80% this y
CNBC
Dec 3, 2012 6:00am EST
is the only way of stabilizing debt. the sink guegle biggest driver medicare. so if we don't make those tough decisions now, all we've done is a european style kick the can down the road and, you know, it's tough to cut entitlements and it's tough to cap deductions. austerity doesn't have to look like just taxing your way out of it. if you want to not work, you just tax your way out of it. >> i think we have to remember that this is politics and not economics going on here. that's the most important thing i think people have to remember. and we know we want more revenue and cut spending. that's why we have the problem to begin with. you have to accept that issue. le politicians aren't willing to accept that issue yet. both are at extremes. if you accept they're both at exseee extre extremes, how did we raise revenue. because the politics, not because of economics, they will not raise marginal rates. >> although we have heard some people say they would go along with that. >> i agree. the center is actually saying that. but i think -- so if the democrats know that, which everybody knows, give o
CNBC
Dec 5, 2012 12:00pm EST
on dividends, means testing on medicare, means testing on social security. that's the way they come to agreement. if you add up all the means testing moves on social security an medicare, that gets but $800 million right there. >> what's the cliff doing to gold? gold's been obviously an interesting trade over the last several sessions. it's been down $30 or so a couple different times. cliff related or something else going on? >> i think it's definitely more economically related. if you look over the last year, take morgan stanley five-year cds versus gold. every time we've had a rise in systemic risk, gold has fallen. over the last month or so, the financial cds, big banks of the united states, that's improved. so there's less global systemic risk, less lehman like risk. but gold has been acting poorly along with oil. so a lot of the economically sensitive under -- indicators are deteriorating pretty fast in the last month or so. >> guys, trades base on what he said? >> he mentioned systemic risk going down. i think central banks have done a good job of reducing systemic risks. my
CNBC
Dec 4, 2012 4:00am EST
savings and raising the eligibility age for medicare and changing how cost of living increases are calculated for social security. white house officials say the two sides will continue to negotiate ways to avoid the year end fiscal cliff. >>> and president obama is meeting with a group u.s. governors today around 10:00 a.m. eastern. it includes jack markell, mary fallon, scott walker. the governors will discuss how the fiscal cliff will impact their states and possible solutions. it's also expected to meet with house republicans, as well, this week. >>> and oracle is amongst the latest of speeding up their dividend pay outs to avoid possible tax hikes because of the fiscal cliff. they will pay dividends a total of 18 cents a share for the next three quarters. larry ellison didn't take part in the decision, but he will benefit. he own as 23% stake in the company, so he'll receive around $198 million. yes, you heard it right. oracle stock down 0.8% despite that in frankfurt. still to come, interest rates in australia are moving down. down under. find out what central bank is worr
FOX Business
Dec 4, 2012 1:00pm EST
medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in e quality of ce and rvice we're able to provide... which means better health outcomes... and more quality time to share with the ones who tter most. i love u, grandma! [ male announcer ] humana. ♪ liz: it is 30 past the hour. check markets as we do every 15 minutes. nicole petallides on the floor. the market is basically flat. nicole: basically lat. what is your number one thing on your brain when you look at the market? we are always thinking about washington. i'm not thinking about washington but i think that is it. this is all about the fiscal cliff. we keep saying over and over it is boring but these guys have to get some resolution. tracy: what is the consensus of people you are speaking to on the telephone on wall street? did in come to some bipartisan agreement? >> no they don't and they're getting angry. [talking over each other] tracy: the rates go up essentially? nicole: special dividends tell you companies and a lot of
CNBC
Dec 5, 2012 1:00pm EST
considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the number if we take it off. where do the people go? those 65 to 67-year-olds will go into the private system where these exchanges we're going to have. they're likely going to pay more money there and the premiums are going to go up because of all those seniors. so it isn't free! that's my point. it is not just the government saves money, other people, those seniors are going to pay to be in those exchanges. >> there's no free lunch. >> nothing. >> i think there is good news that with this administration we don't have to worry about having another debate about privatizing social security. you and i, bob, are probably not going to get social security at 65 anyway because that age is already going up. this is
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